Empty homes not the issue in Vancouver, Urban Futures think-tank says

A THINK-TANK THAT looks into demographic and economic issues has had enough of some of the talk around unoccupied homes in Vancouver.

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Noting that “with recent headlines speculating on the share of the City’[s] unoccupied housing stock ranging between 25 and 50 percent”, Urban Futures thinks it might be helpful to give out again its previous report on vacant dwellings in Canada.

Reblogged from The Georgia Straight | Carlito Pablo

In a media release today (September 26) providing a link to the paper “Much Ado About Nothing: What the Census data say, and don’t say, about foreign & temporary residents and unoccupied dwellings”, Urban Futures states that “discussions around this issue have suffered from, at best, misrepresentation of the available data to consider the issue”.

“At worst they are further entrenching misconceptions about housing occupancy in the region,” the group adds.

The Urban Futures study notes that an average of 4.8 percent of dwelling units in 33 major metropolitan areas across Canada was unoccupied during the 2011 census.

“With a 5.4 percent level of unoccupied units, the Vancouver CMA [census metropolitan area] was above the CMA average, but the difference was slight compared to other CMAs, such as the Victoria (7.5 percent), London and Windsor (6.9 percent), St. Catherines/Niagara and Sherbrooke (both at 6.8 percent) regions,” the paper states.

Zeroing in on apartments, Metro Vancouver had 6.2 percent vacant, which is “below the 7.0 percent average for all 33 of the CMAs in Canada”.

“The average of 5.4 percent of all private dwellings in the Vancouver CMA being unoccupied at the time of the Census represented underlying levels of 3.2 percent of the single detached stock, 6.2 percent of apartments, and 6.8 percent of attached ground oriented units. Single detached units accounted for 20 percent of the unoccupied units in the region on Census day, perhaps reflective of 2011’s active real estate sales market,” the paper notes.

It goes on: “Within the Vancouver region, with an overall average of 6.2 percent, unoccupied apartments accounted for a slightly above average share in the City of Vancouver (6.7 percent) and West Vancouver (6.9 percent), and well above average shares in Pitt Meadows (8.7 percent), Surrey (9.2 percent), and in the UBC/UEL area (10.1 percent). The spatial pattern of unoccupied apartment units throughout the region is driven by a wide range of factors, from the prominence of student populations within each municipality to sales activity.”

The authors note that there are no census data on foreign ownership or investment in housing.

Their conclusion: “There are significant housing issues in this region—the levels of occupancy by foreign and/or temporary residents and level of unoccupied units are not among them.”

Last year, the Straight spoke with one of the authors of the report, economist Ryan Berlin, who said at that time: “We were just trying to reframe the debate in terms of the actual numbers and in terms of the definitions.”

Read original article and more here…

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